Economist on 15% US tariff: Expect less forex, reduced taxes and job losses
Business
Finance
August 22, 2025
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Republic Bank economist, Garvin Joefield, is warning of far-reaching implications for the domestic economy of the revelation that T&T stands to lose US$291.9 million in potential annual export revenue following the imposition of a 15 per cent tariff on its exports to the United States.
The revelation came in a Business Guardian exclusive report of analysis conducted by the Caricom Private Sector Organization (CPSO).
Joefield said that beyond the immediate figure lies a host of deeper consequences for the country.
Business
Finance
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